From Mao to Market : Rent Seeking, Local Protectionism, and Marketization in China Paperback / softback
by Andrew H. (University of Nebraska, Lincoln) Wedeman
Part of the Cambridge Modern China Series series
Paperback / softback
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Description
Andrew Wedemen argues that China succeeded in moving from a Maoist command economy to a market economy because the central government failed to prevent local governments from forcing prices to market levels.
Having partially decontrolled the economy in the early 1980s, economic reformers baulked at price reform, opting instead for a hybrid system wherein commodities had two prices, one fixed and one floating.
Depressed fixed prices led to 'resource wars', as localities battled each other for control over undervalued commodities while inflated consumer goods prices fuelled a headlong investment boom that saturated markets and led to the erection of import barriers.
Although local rent seeking and protectionism appeared to carve up the economy, in reality they had not only pushed prices to market levels and cleared the way for sweeping reforms in the 1980s, they had also pushed China past the 'pitfalls' of reform that entrapped other socialist economies.
Information
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Out of StockMore expected soonContact us for further information
- Format:Paperback / softback
- Pages:300 pages, 4 Tables, unspecified; 10 Line drawings, unspecified
- Publisher:Cambridge University Press
- Publication Date:18/01/2009
- Category:
- ISBN:9780521100151
Information
-
Out of StockMore expected soonContact us for further information
- Format:Paperback / softback
- Pages:300 pages, 4 Tables, unspecified; 10 Line drawings, unspecified
- Publisher:Cambridge University Press
- Publication Date:18/01/2009
- Category:
- ISBN:9780521100151